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By Francesco Pesole, FX Strategist Risk appetite has been growing on hopes for a US-China trade deal. But the outcome of the talks this week is unpredictable and we think the dollar will continue to appeal as a safe-haven USD: Dollar still the winner As Chinese markets reopened fro...
The US dollar is sensitive to data misses, and even though the ISM services PMI remains in expansion territory, the lower than expected index triggered a selloff of the greenback. The United States is not immune to recession fears even if it remains the developed economy with the strongest pac...
The British pound has been a volatile currency since the Brexit referendum in June 2016. Over the past three years and four months, the pound dropped from $1.50 to just under the $1.20 level against the US dollar. There have been lots of ups and downs over the period. The trading pattern in ...
Gainers: Direxion Natural Gas Bear 3X (NYSEARCA: GASX ) +19.6% . More news on: Direxion Daily Natural Gas Related Bear 3X Shares ETF, Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3x Shares ETF, USCF Funds Trust - United States 3x Short Oil Fund, News on ETFs ...
Overview : The recovery of US shares yesterday signaled today's fragile stability. Gains in Japan, Australia, and Taiwan blunted the losses elsewhere in the region, including a 1% slide in Hong Kong. The MSCI Asia Pacific Index fell for the third week. China's markets have been closed since M...
Overview: Disappointing economic data again drove US equities lower, which in turn carried into Asia Pacific activity. Losses were recorded throughout the region, with the notable exception of Hong Kong. The Nikkei and Australia's ASX were off by 2%. After its largest losing session of the y...
Overview: Shockingly poor ISM data sent shivers through the market on Tuesday and handed the S&P 500 its biggest loss in five weeks and took the shine off the greenback. The S&P 500 reached a five-day high before reversing course and cast a pall over today's activity. All the markets...
By Blu Putnam October may well see the opening of a new front in the U.S.-initiated trade wars, with Europe being the target this time. Indeed, in preparation for launching tariffs aimed at Europe, the new mantra in official Washington seems to be that on many trade issues Europe is worse ...
Macro News Global: In the past 18 months, many investors have been concerned about the sharp fall in manufacturing PMIs around the world with some indexes currently trading at recession levels; for instance, in Germany, the latest (flash) PMI was 41.4 for manufacturing , the lowest readin...
Overview: As the quarter ends, the capital markets are mixed. Equities in Asia Pacific were heavier, except in Hong Kong and Australia, while shares were mixed, leaving the Dow Jones Stoxx 600 little changed through the European morning. US shares are trading firmer. Benchmark 10-year bond y...